Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 12, Problem 6P
To determine
To explain:
Whether a country can experience fall in population and rise in real
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During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity?
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Explain how a technological advancement in one sector of the economy can lead to a change in the number of people who work in another sector of the economy. Give an example to help support your answer.
Chapter 12 Solutions
Exploring Macroeconomics
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- What happens to the economic growth if the unemployment rate is too higharrow_forwardWhat factors are generally considered responsible for GDP growth in developed countries? Have the factors responsible for growth been the same in all developed countries?arrow_forwardWhat is the ideal number of growth for GDP, unemployment, and inflation?arrow_forward
- What is the Demand growth rate?arrow_forwardPresent an analysis that shows how an increase in labor productivity (perhaps from more investment or perhaps from improved technology) will tend to impact the economy. Identify which of your results fit what we actually observe for the U.S. economy over time. Complete your answer to this question by identifying one economic policy you think will help enhance labor productivity.arrow_forwardIf a country had a falling population or one with a zero growth rate is it expected that the country has a target level of Non-farm Payroll Employment (NFPE) that is higher, lower, or equal with a country that has a growing population?arrow_forward
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